Graph of the Day for April 22, 2010

"CBO has estimated the loss in households' purchasing power that would result from the primary cap-and-trade program that would be established by H.R. 2454...The loss would equal about 0.1 percent of GDP in 2012, about 0.5 percent in 2030, and about 0.8 percent in 2050, CBO estimates; the average loss per year over the entire 2012-2050 period would be about 0.4 percent." Congressional Budget Office.

"CBO has estimated the loss in households' purchasing power that would result from the primary cap-and-trade program that would be established by H.R. 2454...The loss would equal about 0.1 percent of GDP in 2012, about 0.5 percent in 2030, and about 0.8 percent in 2050, CBO estimates; the average loss per year over the entire 2012-2050 period would be about 0.4 percent." Congressional Budget Office.